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Company Registration No. 10796912 (England and Wales)
NV SALON LIMITED Unaudited accounts for the year ended 31 May 2023
NV SALON LIMITED Unaudited accounts Contents
Page
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NV SALON LIMITED Company Information for the year ended 31 May 2023
Director
Jacqueline Marriott
Company Number
10796912 (England and Wales)
Registered Office
10 ROLFE CRESCENT NETHER HEYFORD NORTHAMPTON NN7 3NG UNITED KINGDOM
Accountants
Tove Accountancy Limited Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
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NV SALON LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
- 
500 
Cash at bank and in hand
10,045 
26,557 
10,045 
27,057 
Creditors: amounts falling due within one year
(9,239)
(16,000)
Net current assets
806 
11,057 
Net assets
806 
11,057 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
706 
10,957 
Shareholders' funds
806 
11,057 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
Jacqueline Marriott Director Company Registration No. 10796912
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NV SALON LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
NV SALON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10796912. The registered office is 10 ROLFE CRESCENT, NETHER HEYFORD, NORTHAMPTON, NN7 3NG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
over 3 years
Computer equipment
over 3 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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NV SALON LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
1,344 
4,261 
5,605 
Disposals
(1,344)
(4,261)
(5,605)
At 31 May 2023
- 
- 
- 
Depreciation
At 1 June 2022
1,344 
4,261 
5,605 
On disposals
(1,344)
(4,261)
(5,605)
At 31 May 2023
- 
- 
- 
Net book value
At 31 May 2023
- 
- 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
500 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
432 
456 
Other creditors
42 
- 
Loans from directors
8,045 
14,824 
Accruals
720 
720 
9,239 
16,000 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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